Tesla down more than 5% in January new car registrations in China fell 46%

Tesla fell more than 5 percent to $737.2. Earlier, according tomedia reports, Tesla in January in China’s new car registrations fell 46% from the previous month, because the Lunar New Year holiday and the new coronavirus outbreak slowed the pace of car buyers.

Tesla down more than 5% in January new car registrations in China fell 46%

Tesla registered 3,563 new cars in China in January, down from 6,643 in December, according to the authoritative China Automotive Information Network.

While Tesla is now trying to boost sales of its electric cars, companies such as BMW and Daimler, which compete fiercely with them, are also rolling out new ones, which will further squeeze Tesla’s sales.